Trump Approval Hits Record Lows, 75% Say Economy 'Not So Good' or 'Poor'

What happened

A new Washington Post/ABC News/Ipsos poll for October shows President Donald Trump with a 33% approval rating, a record low for the poll, and 66% disapproval. On the economy, 28% approve of his handling, and 75% of voters rate the economy as not so good or poor.

Confirmed

Global impact / market context

Weak approval on the economy can change how investors view political risk. If voters blame the president for high costs, that may pressure policy makers toward measures that affect taxes, spending, or regulation, which means rules and government budgets that shape company costs and profits.

Analyst inference

The article links consumer frustration to prices for gasoline, groceries, health care, and dining out. Those costs reduce the cash available for other spending, which can slow revenue for consumer-facing industries and shift investor positioning toward defensive assets such as the SPDR S&P 500 ETF, a fund tracking large US stocks.

Analyst inference

What to watch

1. The poll reports 75% of voters call the economy not so good or poor, while 25% call it excellent or good, a split that signals wide consumer dissatisfaction. Confirmed
2. Watch whether policy makers propose relief on fuel, food, health care, or restaurant costs, since such proposals could affect company revenue, costs, and profit per sale across consumer industries. Proposed
3. Track any change in Trump's economic approval from 28%, because a further drop could raise the chance of new regulation or spending plans that affect borrowed money, capital spending, and asset prices. Analyst inference

Evidence

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